Los Angeles Seminar October 2016
Irish Funds, in partnership with California Hedge Fund Association (CHFA), are delighted to host an industry update and networking session focused on the opportunities and challenges for managers who currently distribute, or have ambitions to distribute, European domiciled fund products. More information to follow as we finalise details.
Kieran Fox , Irish Funds
Harry Hartford, President, Causeway Capital
Michelle Ridge, Matheson
- Fiona De Burca, PwC
- Doug Lindgren, Carne
- Mark Brown, Dechert
- Rob Drake, Bury Street Capital
Liz Greenwood, Tennenbaum Capital Partners LLC
Interviewer: Dan Forbes, DMS Governance
Mr. Hartford is the president of Causeway, portfolio manager for the firm's fundamental and absolute returns strategies, and director of research. Mr. Hartford is a member of Causeway's operating committee. He co-founded the firm in June 2001. From 1996 to June 2001, Mr. Hartford was a managing director for the Hotchkis and Wiley division of MLIM ("HW-MLIM") and co-head of the firm's HW-MLIM International and Global Value team. From 1994 to 1996, Mr. Hartford was a portfolio manager for Hotchkis and Wiley. From 1984 to 1994, Mr. Hartford was with The Investment Bank of Ireland, where he gained ten years’ experience in both international and global equity management. During this time, Mr. Hartford also managed the Irish Investment Fund, a closed-end country fund quoted on the NYSE. Before entering the investment business, Mr. Hartford lectured in micro and macro Economics at Oklahoma State University. Mr. Hartford is a member of The American Ireland Fund National Board of Directors and serves as chair of the Los Angeles Regional Board. Investment Experience: 32 Years. Education: Mr. Hartford has a BA, with honors, in Economics from the University of Dublin, Trinity College, an MSc in Economics from Oklahoma State University, and is a Phi Kappa Phi member.
Mark Browne focuses his practice on fund advisory work, including the structuring, establishment and operation of UCITS and AIFMD compliant investment funds in Ireland. He has more than ten years of experience in the funds industry and has worked in a number of the key global centres including the Cayman Islands, Luxembourg and Dublin. This international experience is of particular assistance when advising international managers familiar with offshore structures.
Recent representations by Mr. Browne include advising a range of asset managers and service providers on the impact of the AIFMD and the establishment of new qualifying investor alternative investment funds (“QIAIFs”), as well as UCITS, and their registration for pan European distribution. Mr. Browne is a frequent author and speaker and is recommended as a leading investment funds lawyer by The Legal 500 and Chambers Europe. He is a representative of the Irish Funds Industry Association’s distributions and marketing industry working groups.
Bury Street Capital represents mainly US based boutique fund managers in Europe. The principle activity is institutional fund raising from pension funds, insurance companies, sovereign wealth funds, foundations, banks, family offices and independent wealth managers. Fund managers the company represents cover the long only, hedge fund and real asset categories.
Robert founded the firm in 2005 and prior to that was the Chief Investment Officer of Asymmetric Capital Management, a specialist convertible bond arbitrage hedge fund manager. Asymmetric was a joint venture between Robert and Jefferies & Company, a New York Stock Exchange-listed Global Investment Bank.
Before Asymmetric, Robert was Chief Executive of Pavilion Asset Management, a fund management company owned by Seymour Pierce Group plc, a Managing Director at Credit Suisse First Boston, where he ran their International Equity Linked sales and research business, and Bankers Trust, where he set up and ran their European Distressed Debt trading business. He originally trained as an equity portfolio manager.
He graduated from Portsmouth Polytechnic with a first class honours degree in Business Studies.
Kieran Fox joined the Association in August 2007 and is the Director - Business Development for Irish Funds. As well as being responsible for working with investment managers and developing our membership offering, Kieran participates in a number of our steering groups including Distribution, Marketing & Promotion and Front Office and has led engagement on specific regulatory matters. Kieran has a BSc Finance and holds a Post Graduate Certificate in Information Systems. Prior to joining us he gained significant experience both in industry and within the regulator. He was a senior regulator and risk specialist with the Central Bank of Ireland for almost two years and prior to this spent seven years in a variety of roles across the front office within the hedge fund industry in London. Kieran represents the Association on the Summit Finuas Network Steering Committee.
Doug is CEO of Carne North America. As a highly experienced and well-recognized leader in the asset and wealth management industries, Doug is able to leverage Carne’s resources and expertise around the world to help clients grow their businesses and reduce risks while allowing them to focus on their core areas of expertise. Prior to joining Carne, Doug was a Managing Director and Global Head of UBS Wealth Management’s platform of investment funds, where he developed and managed the wealth management industry’s leading offering of investment funds. His global responsibilities included manager selection, product development, risk management, and distribution support. Under his leadership, the offering consistently outperformed relevant peer groups and benchmarks and grew to over $300 billion in client assets. During his 11 -year tenure with UBS, he held positions of increasing responsibility in New York and Zurich and was deeply involved in building, managing and distributing traditional and alternative investment funds through the UBS Global Wealth Management client franchise. The 7 years he spent running global businesses out of Zurich provided him with invaluable insights into the distribution of funds in Europe and Asia as well as certain other developed and emerging markets. Prior to Joining UBS, Doug was a Managing Director at U.S. Trust, where he built and managed their alternative investment business. Prior thereto, he was President and Managing Principal of Inco Venture Capital Management, a firm managing private equity funds on behalf of institutional investors. Doug’s expertise spans virtually all asset classes and investment strategies and includes the management and distribution of numerous types of funds in various jurisdictions around the world, including registered funds (’40 Act, BDCs, UCITS and AIFs), private funds, and managed accounts. Doug received his AB in Economics from Columbia College and his MBA in Finance from Columbia Business School. He also served as an Adjunct Professor for 14 years at Columbia Business School, where he taught courses on various topics in the field of alternative investments.
Joining DMS in August 2016, executive director Daniel Forbes heads the company’s New York office, where he oversees business development and client relations across multiple product lines, including offshore and European solutions for both traditional and alternative asset managers. With an extensive background in AIFMD, UCITS products and other alternative investment vehicles, Forbes will play a key role in helping DMS enhance both onshore and offshore governance capabilities. Previously, Forbes served as an attorney in the Asset Management & Investment Funds group at Dublin-based international law firm Dillon Eustace. While heading the firm’s US Representative Office in New York, Forbes advised US asset managers on the establishment, structuring, financing, public/private distribution and ongoing operation of traditional, hedge, private equity, and real estate funds, within the AIFMD and UCITS framework. Additionally, Forbes spearheaded US business development on behalf of Dillon Eustace, covering all practice areas of the firm’s Irish and Cayman offices, including Banking & Capital Markets, Securitization & Structured Finance, Corporate M&A, and Litigation. Forbes is a regular speaker at industry seminars and conferences, where he frequently discusses the impact of EU regulatory issues on the US asset-management community. Forbes is a member of the North American events committee of the Irish Funds Industry Association. He is a graduate of University College Dublin, and a member of the Law Society of Ireland.
Fíona is a Partner in the audit practice and specialises in the asset management Industry. She has extensive knowledge and over 15 years experience in advising and auditing asset management clients including private equity funds, real estate funds, mutual funds, hedge funds and funds administered in Ireland and elsewhere, who utilise US GAAP, Irish GAAP and international accounting standards. Fíona also works with asset managers and administrators based in Ireland. She provides a range of services including fund and corporate audit services, along with advisory services. Fíona has worked in the PwC London, PwC LA and PwC Orange County offices advising on asset management, banking and real estate assignments for a variety of organisations, including the FCA. Fíona has assisted clients in structuring new funds and advised on various accounting, tax and operational matters. Fíona has been involved with the Irish Funds Association (“IF”) for a number of years and has been a member of IF committees. Fíona has lectured on auditing and accounting issues to the asset management industry in Ireland on behalf of the IF and the Institute of Chartered Accountants in Ireland. Fíona is a Fellow of the Institute of Chartered Accountants in Ireland.
Elizabeth Greenwood is General Counsel and Chief Compliance Officer of Tennenbaum Capital Partners, LLC, an alternative investment management firm focused primarily on credit opportunities with over $7 billion in committed capital under management. She also serves as Chief Compliance Officer and Corporate Secretary for TCP Capital Corp., a publicly traded business development company (NASDAQ:TCPC). Prior to Tennenbaum, Ms. Greenwood served as General Counsel and Chief Compliance Officer at Strome Investment Management, L.P. Prior to Strome, she worked at portfolio companies funded Pacific Capital Group, including Global Crossing Ltd., where she served in various roles from inception through bankruptcy. Ms. Greenwood began her legal career as an associate at Stroock & Stroock & Lavan LLP. Ms. Greenwood is a member of the California State Council of the Humane Society of the United States. She received a J.D. from Stanford Law School and a Bachelor of Business Administration with highest honors from The University of Texas at Austin.
Michelle is a partner in the Asset Management and Investment Funds Group at Matheson. Michelle practises Irish financial services law and advises many of the world's leading financial institutions, investment banks, asset management companies and service providers carrying on business in Ireland or through Irish vehicles. She has extensive experience in advising a wide range of domestic and international clients on the structuring, establishment, marketing and sale of investment vehicles and products in Ireland and other jurisdictions. In particular, Michelle advises on the legal and regulatory issues surrounding the establishment of AIF and UCITS structures, including hedge funds, managed account platforms, master feeder, fund of fund, complex and bespoke structures. She also advises on the structuring, offer and sale of investment instruments and investment products, the provision of investment advice and other financial services. Michelle has advised some of the world’s largest alternative investment managers on the implementation of AIFMD and also advised on the first inward AIFMD management passport into Ireland. She also has extensive experience in advising international clients in relation to UCITS’ legislative and regulatory developments. Michelle is a member of the Irish Funds ELTIFs and Loan Funds Working Group.